https://www.taxtmi.com/acts?id=16060 A new classification rule deems man-made fibres from plastic and plastic waste to be textile material under Chapter 54 or 55 with retrospective effect, validates excise duty actions taken during the retrospective period as valid, permits recovery of duties within a limited period with interest on delayed payment, and allows assessee to claim CENVAT credit for previously unavailed inputs, input services and capital goods; no act or omission is to be newly treated as a punishable offence by this amendment. en-us Fri, 16 Mar 2012 18:37:47 +0530 Fri, 16 Mar 2012 18:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16060 A new classification rule deems man-made fibres from plastic and plastic waste to be textile material under Chapter 54 or 55 with retrospective effect, validates excise duty actions taken during the retrospective period as valid, permits recovery of duties within a limited period with interest on delayed payment, and allows assessee to claim CENVAT credit for previously unavailed inputs, input services and capital goods; no act or omission is to be newly treated as a punishable offence by this amendment. Act-Rules Bills Fri, 16 Mar 2012 18:37:47 +0530 https://www.taxtmi.com/acts?id=16060